Yet another round of price cuts for Tesla, but not in Australia – report

Sales of the Tesla Model 3 have jumped by 25 per cent in Japan, following a substantial price cut for the electric vehicle. Japanese buyers now have to wait much longer to receive their Tesla Model 3, with waiting times doubling from a minimum of six-weeks to as much as 16 weeks. According to business news outlet Bloomberg, earlier this year Tesla dropped its prices in Japan by up to 24 per cent for the Model 3 in an effort to spur lagging sales.